Drawdown Rules

Prop Firms with No Daily Loss Limit (2026): 10 Verified Futures Firms

PropFirmsRadar TeamUpdated September 7, 202610 min read

We searched every rule set in our own firm database - not marketing copy - for a genuine, documented "no daily loss limit" mechanic. Ten futures firms passed. Every one of them still enforces a maximum drawdown; what's missing is the separate intraday trigger that closes your account the moment a single session goes red, even if you were never close to the overall limit.

10
Firms verified, no daily limit
0
Forex/CFD firms that qualified
90%
Top flat split (Shark, UProfit)
$16.50
Cheapest entry (Elite Trader)

The short answer

  • Best overall: TradeDay — no daily limit on every account type, evaluation and funded, plus a static-drawdown option.
  • Best 90% split: Shark Futures — no daily limit on Basic, a locking EOD floor, flat 90/10 - just avoid Basic Plus, which trades it back for a daily cap.
  • Cheapest entry: Elite Trader Funding — $16.50, but only on the standard 1-Step model; the firm's other five models use different drawdown rules.

Prop firms with no daily loss limit, at a glance

#FirmPriceSplitRule applies to
1TradeDay$59/moUp to 95%Firm-wide: evaluation and funded, every account type
2Phidias PropfirmFrom $5580/20, or progressive 75-100% on PremiumE2L route only - other Phidias programs use EOD trailing or a daily-limit consistency rule
3Shark FuturesFrom $4890% to the traderBasic evaluation and PRO funded accounts - Basic Plus trades this rule for a daily limit instead
4Phoenix Trader FundingFrom $5980% to the traderDaily programs' funded stage - drawdown locks static once the account goes live
5Taurus ArenaFrom $59/mo85% to the trader from the first payoutPRIME and DIRECT programs - no daily limit, no consistency rule on PRIME
6Elite Trader Funding$16.50100% first $12,500, then 90%Standard 1-Step model only - five of Elite's six other models use different drawdown mechanics
7UProfitFrom $78/mo90% flatDay Flex track only - Day Soft, sold alongside it, keeps a separate daily loss limit
8Nexgen ProTrader Funding$149Up to 90%, 100% after 16 payoutsFirm-wide - the closed-trade trailing mechanic replaces the daily-limit concept entirely
9LifeUp TradingFrom $35No split - payouts capped per request by cycleExpert tier only - LifeUp's other tiers are structured differently
10TradersYard FuturesFrom $41100% to $300, 90% to $1K, 80% beyond (effectively 80%)Firm-wide - the entire Futures Built for You line has no daily loss limit

“Rule applies to” is the account tier that actually carries the no-daily-limit mechanic - several firms sell a sibling product at a similar price that keeps a daily loss limit. Prices are the headline evaluation fee before discount codes. Figures update automatically from our firm database.

All 10 firms, detailed

#1TradeDay logo

TradeDay

4.2 · Futures
Best Overall - No Daily Limit Anywhere
Price
$59/mo
Split
Up to 95%
Drawdown
Trailing or static
Rule applies to
Firm-wide: evaluation and funded, every account type

TradeDay is the cleanest case on this list. It applies no daily loss limit on any account type, evaluation or funded - the only rule that can end an attempt is the trailing maximum drawdown, and TradeDay also offers a static-drawdown option, which almost nobody else does at any price. Funded accounts carry no consistency rule either, which is the opposite of firms where the funded stage is where the real difficulty starts. A tiered lifetime split runs from 100% up to 95%, payouts begin from day one and process the next business day, and the firm holds a strong 4.6 Trustpilot rating across 1,200+ reviews. The trade-off is billing: TradeDay charges $59/month rather than a one-time fee, so a slow evaluation compounds in cost.

Best for: Traders who want zero ambiguity - one drawdown number, no daily trigger, no consistency rule once funded.

Watch out: Monthly billing. A three-month evaluation costs roughly three times the headline $59.

Read the TradeDay review 55% OFF with code TDNEW
#2Phidias Propfirm logo

Phidias Propfirm

4 · Futures
Best Static Floor
Price
From $55
Split
80/20, or progressive 75-100% on Premium
Drawdown
Static, never trails (E2L); EOD trailing (others)
Rule applies to
E2L route only - other Phidias programs use EOD trailing or a daily-limit consistency rule

Phidias Propfirm's E2L route pairs a static maximum drawdown - set once from your starting balance and never trailing upward as you profit - with no daily loss limit at all, which is a genuinely rare combination in futures. At $55 for a $25,000 account with code LABORDAY, it is also one of the cheapest ways onto this list. The catch is that E2L is one route among several Phidias sells; its other programs run an EOD trailing floor instead, so confirm E2L specifically before you buy - the product name matters more than the firm name here.

Best for: Traders who want a drawdown floor that can never tighten, on top of no daily trigger.

Watch out: Only the E2L product carries this rule set. Phidias's other programs are EOD trailing, not static.

Read the Phidias Propfirm review Up to 80% OFF with code LABORDAY
#3Shark Futures logo

Shark Futures

3.8 · Futures
Best Profit Split
Price
From $48
Split
90% to the trader
Drawdown
EOD trailing, locks at starting balance
Rule applies to
Basic evaluation and PRO funded accounts - Basic Plus trades this rule for a daily limit instead

Shark Futures' Basic evaluation and its PRO funded accounts carry no daily loss limit whatsoever, backed by an end-of-day trailing drawdown that stops trailing permanently once it reaches your starting balance - so once you're a full drawdown ahead, you cannot be stopped out from profit alone. The funded split is a flat 90/10 with no ladder. Basic Plus, sold at the same price, is the opposite trade: it removes the consistency rule but adds a daily loss limit back in, so pick Basic specifically if the daily cap is what you're buying around. Code SHARK60 takes 60% off, putting a $25,000 evaluation at $48.

Best for: Traders who want a locking EOD floor and a flat 90% split with no daily trigger.

Watch out: Basic Plus - sold alongside Basic at the same price - reintroduces a daily loss limit. Read the product name before you check out.

Read the Shark Futures review 60% OFF with code SHARK60
#4Phoenix Trader Funding logoBest For Recurring Monthly Accounts
Price
From $59
Split
80% to the trader
Drawdown
EOD trailing, static once live
Rule applies to
Daily programs' funded stage - drawdown locks static once the account goes live

Phoenix Trader Funding runs an end-of-day trailing drawdown during evaluation that converts to a static floor once your account goes live - at that point there is no daily loss limit to manage, only the fixed maximum. The firm sells both Daily and Classic V3 lines on monthly billing from $59.40, and code SEPT currently takes 40% off. The 80% split is flat with no scaling ladder, which is lower than the 90% now common at Shark Futures or TradeDay, so weigh that against the rule structure before you buy.

Best for: Traders comparing monthly-billed accounts who specifically want the drawdown to stop trailing once funded.

Watch out: 80% split, no ladder - below the 90% standard at several firms ranked above it here.

Read the Phoenix Trader Funding review 40% OFF (Daily) with code SEPT
#5Taurus Arena logo

Taurus Arena

3.5 · Futures
Best For Instant Funding
Price
From $59/mo
Split
85% to the trader from the first payout
Drawdown
Intraday equity trailing (EOD is a $19 add-on)
Rule applies to
PRIME and DIRECT programs - no daily limit, no consistency rule on PRIME

Taurus Arena's PRIME evaluation and its one-time DIRECT instant-funding route both skip the daily loss limit entirely, alongside no consistency rule on PRIME and no minimum trading days - among the most permissive evaluations we track. The drawdown itself is an intraday equity trail rather than an EOD one, which is stricter in mechanic than the locking floors at Shark or TradersYard, so read that distinction carefully. The 30% discount applies automatically with no code, and the split reaches 85% from your first payout. Taurus publishes very little about its payout process beyond the checkout summary, which is the main reason it sits mid-table here rather than higher.

Best for: Traders who want to skip the evaluation entirely via DIRECT instant funding, or want PRIME's minimal rule set.

Watch out: Drawdown trails on intraday equity, not end-of-day - a materially tighter mechanic than a locking EOD floor.

Read the Taurus Arena review 30% OFF (No Code), no code needed
#6Elite Trader Funding logo

Elite Trader Funding

3.4 · Futures
Cheapest Entry
Price
$16.50
Split
100% first $12,500, then 90%
Drawdown
Intraday trailing / EOD
Rule applies to
Standard 1-Step model only - five of Elite's six other models use different drawdown mechanics

Elite Trader Funding's standard 1-Step model carries no daily loss limit, and at $16.50 for a $50,000 evaluation it is the cheapest entry on this list by a wide margin. The firm sells six different evaluation models in total, and the drawdown mechanic changes between them - some run intraday, others EOD - so the no-daily-limit rule applies specifically to the 1-Step, not to Elite Trader Funding as a brand. Funded accounts also carry an $80/month fee, which is unusual in futures and worth budgeting for before you assume the cheap entry is the total cost.

Best for: Traders testing a strategy cheaply who have already confirmed the 1-Step model specifically.

Watch out: The $80/month funded-account fee erases most of the entry-price advantage within a year.

#7UProfit logo

UProfit

3.3 · Futures
Best For US Traders
Price
From $78/mo
Split
90% flat
Drawdown
EOD trailing (Day Soft: + daily limit; Day Flex: none)
Rule applies to
Day Flex track only - Day Soft, sold alongside it, keeps a separate daily loss limit

UProfit's Day Flex track drops the daily loss limit entirely and manages risk through the end-of-day maximum drawdown alone, while Day Soft - sold at almost the same monthly price - stacks a daily limit on top of the same EOD floor. Pick the product name carefully; they are easy to conflate at checkout. UProfit is itself a US-domiciled company (Dover, Delaware), which simplifies eligibility for American traders more than most firms on this list, pays a flat 90% split and processes payouts within 24 hours, capped at $4,500 per request. The 40% discount applies automatically with no code needed.

Best for: US-based traders who want the no-daily-limit rule from a domestic operator with fast payout processing.

Watch out: Day Soft, marketed alongside Day Flex, is a different product that keeps the daily limit - confirm you're buying Day Flex specifically.

Read the UProfit review 40% OFF (No Code), no code needed
#8Nexgen ProTrader Funding logoBest For Scalpers
Price
$149
Split
Up to 90%, 100% after 16 payouts
Drawdown
$1,500-$4,750 closed-trade
Rule applies to
Firm-wide - the closed-trade trailing mechanic replaces the daily-limit concept entirely

Nexgen ProTrader Funding uses a closed-trade trailing drawdown instead of the more common open-equity trail, which means the floor only moves when you close a position - open floating losses do not count against it intraday, and there is no separate daily loss limit layered on top. That is a distinct mechanic worth understanding on its own terms rather than assuming it behaves like the EOD-locking firms above it on this list. The split scales up to 90%, then to 100% after your sixteenth payout, and payouts themselves take 2-4 business days, slower than most firms here.

Best for: Scalpers who close positions frequently and want a drawdown that only reacts to realized trades.

Watch out: Payout processing (2-4 business days) is the slowest on this list.

#9LifeUp Trading logo

LifeUp Trading

3.2 · Futures
Most Unusual Payout Structure
Price
From $35
Split
No split - payouts capped per request by cycle
Drawdown
EOD trailing that locks at your starting balance
Rule applies to
Expert tier only - LifeUp's other tiers are structured differently

LifeUp Trading's Expert tier drops the daily loss limit against an EOD trailing drawdown that locks once it reaches your starting balance - the same locking mechanic Shark Futures uses. What makes LifeUp genuinely different from everything else on this list is that it does not advertise a profit split at all; payouts are framed as rewards for trading data, capped per request and rising with each cycle rather than paid as a percentage. That structure is worth understanding fully - via the firm's own review on this site - before you buy specifically for the no-daily-limit rule.

Best for: Traders comfortable with a reward-cap payout model who specifically want the Expert tier's locking EOD floor.

Watch out: No advertised profit split - payouts work entirely differently from every other firm on this list.

Read the LifeUp Trading review 55% OFF with code LUT
#10TradersYard Futures logo

TradersYard Futures

3.2 · Futures
Best Total Reward Ceiling
Price
From $41
Split
100% to $300, 90% to $1K, 80% beyond (effectively 80%)
Drawdown
3% EOD trailing, caps at +2% above start; no daily limit
Rule applies to
Firm-wide - the entire Futures Built for You line has no daily loss limit

TradersYard Futures, like TradeDay, drops the daily loss limit across its entire futures line rather than on a single tier - only a 3% end-of-day maximum drawdown applies, and it trails upward on new highs but is capped at just 2% above your starting balance, so the floor can never chase your gains indefinitely. Reward requests are gated on a 10-day cycle and capped for your first five payouts, but the total ceiling is a generous 10 rewards or $40,000 before any cooldown. Code WELCOME30 takes 30% off your first challenge. It ranks last here only because its Trustpilot rating is currently suspended, which every firm ranked above it on this specific list does not carry.

Best for: Traders who want a firm-wide (not tier-specific) no-daily-limit rule and a capped, predictable EOD ceiling.

Watch out: Trustpilot has suspended the firm's rating for a guidelines breach - read the full review before a large first purchase.

Read the TradersYard Futures review 30% OFF with code WELCOME30

Daily Loss Limit vs. Max Drawdown vs. EOD Drawdown: What Actually Differs

These three terms get used interchangeably in prop firm marketing, and they shouldn't be. A daily loss limit is a hard, separate rule: lose more than $X in one session and the account closes or locks, regardless of your overall drawdown. A max-drawdown-only firm removes that separate check - only the total peak-to-trough loss matters, checked continuously. An EOD (end-of-day) drawdown firm checks less often still: your floor is calculated from your highest end-of-day balance, so intraday swings that recover before the close never register at all. The firms on this page combine the second and third approaches - no daily loss limit, and in most cases an EOD-based floor - which is why "EOD only prop firms" and "no daily loss limit" describe overlapping but not identical groups.

The three mechanics, compared

MechanicCheckedWhat ends the account
Daily loss limitContinuously, resets each sessionLosing more than the daily cap in one day - even if the overall drawdown is untouched
Max drawdown onlyContinuously, never resetsTotal loss from your peak balance exceeding the limit
EOD drawdownOnce, at market closeYour end-of-day balance falling below the floor - intraday recoveries before the close don't count

Futures Firms Without Daily Loss: Why It's Almost Never Forex

We checked every firm in our database for a genuine, documented no-daily-loss-limit rule - not a marketing claim, but an actual line in the rules or evaluation-phase data we've verified. Every single one that qualified is a futures firm. That isn't a coincidence of which firms we happened to review; it reflects a structural difference between the two markets. Forex and CFD challenges price risk as a percentage of account equity and almost universally pair a daily percentage cap (typically 3-5%) with an overall one, because the underlying instruments trade nearly 24 hours and a firm without a session-level check has no natural point to reset risk. Futures markets have a defined close, which gives an EOD-based firm a clean, unambiguous moment to measure - and that structural difference is what lets firms like TradeDay and TradersYard Futures drop the daily check entirely without redesigning their whole risk model.

The Catch: Confirm the Product Name, Not Just the Firm Name

Only three firms on this list - TradeDay, TradersYard Futures and Nexgen ProTrader Funding - apply no daily loss limit across every account type they sell. The other seven grant it on one specific product, sold alongside a sibling product at a near-identical price that keeps the daily limit: Shark Futures' Basic vs. Basic Plus, UProfit's Day Flex vs. Day Soft, Phidias's E2L vs. its EOD-trailing programs, Elite Trader Funding's standard 1-Step vs. its five other models. This is the single most common way traders end up disappointed - they buy the firm's cheapest or most-advertised account, not realizing a nearly identical option two clicks away carries the rule they actually wanted. Read the account name on the pricing page, not just the firm's homepage banner, before you check out.

Before you buy: search the firm's own rules page for the exact account name you're purchasing, not the brand name. "No daily loss limit" attached to one tier does not carry over to a sibling product at the same price.

EOD-Only Drawdown: The Trade-off You're Actually Making

Dropping the daily limit does not mean dropping risk management - in several cases the underlying maximum is tighter than a comparable daily-limit firm's figure. TradersYard Futures' EOD floor trails upward on new highs but is hard-capped at just 2% above your starting balance. Shark Futures' and LifeUp Trading's EOD floors stop trailing entirely once they reach the starting balance, which is protective, but the daily-limit-free evaluations on both firms still carry a real maximum that closes the account the moment it's breached. And one mechanical detail catches traders off guard: several EOD-based firms count unrealized profit and loss on open positions toward the end-of-day check, even though the check itself happens once. A position sitting deep underwater when the session ends can trigger a breach exactly as if it were a realized loss - "no daily limit" is not the same guarantee as "nothing counts until you close it."

Common Mistakes Trading Without a Daily Limit

  • Assuming no daily limit means no risk control. The maximum drawdown still ends the account - in several cases it's tighter than a comparable daily-limit firm's figure.
  • Buying the wrong sibling product. Confirm the exact account name (Day Flex, not Day Soft; Basic, not Basic Plus; E2L, not the EOD-trailing default) before checkout.
  • Overtrading because the day feels unrestricted. The freedom is recovery within a session, not permission to size up - the same per-trade risk discipline still applies.
  • Leaving a losing position open into the close on an EOD firm. Several count unrealized P&L toward the end-of-day check, so an open loser can still trigger a breach.
  • Confusing a locking floor with a static one. A locking EOD floor (Shark, LifeUp) stops trailing once it reaches your starting balance; a genuinely static floor (Phidias E2L, The5ers) never moves at all, even before that point. They behave differently early in an evaluation.

Want the EOD mechanics explained in full?

See exactly how end-of-day drawdown differs from intraday trailing, with the specific formulas each firm uses to calculate your floor.

Read the EOD vs. Intraday Drawdown Guide

Related and worth knowing about

These firms didn't make the ranked list - one uses a hybrid rule, and one has stopped selling accounts entirely - but both are worth knowing about if you're researching this topic. See every futures firm we track on the best futures prop firms ranking.

The Trading Pit

The Trading Pit's Futures Prime uses a "Daily Pause" rather than a true daily loss limit - breaching it liquidates your open positions and pauses trading until the next session, but it does not fail the account the way a hard daily-loss rule does elsewhere. It's a genuine middle ground worth knowing about, not a full no-daily-limit firm.

Redline Futures Funding

Redline's Gas, Electric and Diesel programs all ran with no daily loss limit and would have ranked on this list - but as of September 2026 the firm has stopped selling accounts entirely. Kept here for existing account holders only; see the full review for details.

Prop firms with no daily loss limit: FAQ

What does "no daily loss limit" actually mean at a prop firm?

It means there is no separate rule that closes your account for losing too much in a single session. You are still bound by the firm's overall maximum drawdown - it just isn't checked or reset daily. Lose money in the morning and recover it by the close, and nothing has been breached, because only the peak-to-trough total (or the end-of-day balance, depending on the firm) is what matters.

Are there any forex or CFD prop firms with no daily loss limit?

None that we could verify in our own rule database. Every genuine no-daily-limit mechanic we found belongs to a futures firm. Forex and CFD challenges we track - FTMO, FundedNext, FundingPips, The5ers and the rest - all enforce a daily loss limit as a percentage of the account, typically 3-5%. If a forex firm's marketing claims otherwise, check the actual rules page before you buy.

What's the difference between EOD drawdown and no daily loss limit?

They usually travel together but are not the same rule. EOD (end-of-day) drawdown means the maximum-loss check only happens once, at the close - your floor is calculated from your highest end-of-day balance, not your intraday equity. No daily loss limit means there is no separate session-level stop at all. A firm can have one without the other: The Trading Pit's Daily Pause, for instance, checks and can trigger during the session, but it pauses rather than fails the account - a hybrid most guides lump in with the others.

Is it riskier to trade without a daily loss limit?

Only if you treat the absence of a rule as an absence of risk. The maximum drawdown is usually tighter, not looser, than a comparable daily-limit firm's overall figure - TradersYard's EOD floor is capped at just 2% above your starting balance, for example. The freedom is in recovery, not in total risk: a bad morning does not end your day, but a bad week can still end your account exactly as fast as anywhere else.

Do these rules apply during the evaluation, or only once funded?

It varies by firm, and this is the detail most traders miss. TradeDay and TradersYard Futures apply no daily limit across evaluation and funded accounts alike. Shark Futures, UProfit and Elite Trader Funding apply it only to a specific product tier - Basic, Day Flex and the 1-Step model respectively - while a sibling product sold at a similar price keeps a daily limit. Always confirm the exact account name at checkout, not just the firm name.

Which no-daily-loss-limit firm has the cleanest track record?

TradeDay, on the evidence we could verify: a 4.6 Trustpilot rating across 1,200+ reviews and a firm-wide rule rather than a single-tier exception. Shark Futures and Phidias Propfirm are the next cleanest. TradersYard Futures and UProfit currently carry suspended Trustpilot ratings, which we flag directly in their reviews - worth reading in full before a large first purchase at either.

Our verdict for 2026

If you want the rule with zero fine print, start with TradeDay - no daily limit across every account it sells, backed by a strong Trustpilot record. If you want the highest split alongside it, take Shark Futures' Basic evaluation specifically - not Basic Plus. Whichever firm you pick, confirm the exact account name on the pricing page before you check out; that single detail decides whether you actually get this rule or not.

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